India Flavors Market Report by Product Type (Nature Identical, Artificial, Natural), Form (Liquid, Dry), Application (Beverages, Savories and Snacks, Confectionery Products, Bakery Products, Dairy and Frozen Desserts, and Others), and Region 2024-2032

India Flavors Market Report by Product Type (Nature Identical, Artificial, Natural), Form (Liquid, Dry), Application (Beverages, Savories and Snacks, Confectionery Products, Bakery Products, Dairy and Frozen Desserts, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A5081
Buy Now

Market Overview:

The India flavors market size reached INR 4,287 Crore in 2023. Looking forward, IMARC Group expects the market to reach INR 8,100 Crore by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032. 

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
INR 4,287 Crore
Market Forecast in 2032
INR 8,100 Crore
Market Growth Rate 2024-2032 7.1%


Flavors refer to additive compounds that are widely used to enhance the smell and taste of numerous products ranging from confectionery items to health supplements. Based on the derivates, flavors are categorized into nature identical, artificial, and natural variants. Some of the commonly used natural ingredients of flavors include spices, herbs, barks, flowers, etc., whereas chemical additives comprise of ethyl maltol, diacetyl, ethyl propionate, etc. Flavors are extensively utilized in baked goods, dairy products, beverages, packaged snack items, pharmaceuticals, etc. Apart from this, they are also adopted for non-food applications, including personal care products, cosmetics, pet food, animal feed, etc.

India Flavors Market

India Flavors Market Trends:

The expanding food processing industry, along with the increasing demand for packaged, ready-to-eat food items and beverages, is primarily driving the India flavors market. Moreover, the rising utilization of flavoring ingredients in bakery and confectionery items, ice-creams, smoothies, energy drinks, etc., is also propelling the market growth in the country. Additionally, the elevating levels of urbanization and increasing penetration of numerous western food trends are further augmenting the demand for flavoring agents. The escalating popularity of processed and shelf-stable food products, such as noodles, soups, cake mix, RTD tea and coffee, juices, etc., particularly among the millennial consumers, is catalyzing the market for flavors in India. Besides this, the introduction of several stringent norms by the Food Safety and Standards Authority of India (FSSAI) regarding the quality of flavors used in processed food products is acting as another significant growth-inducing factor. Additionally, the elevating number of quick-service restaurants (QSRs) and the emerging café culture are further bolstering the demand for flavors. Moreover, the rising consumer concerns towards the negative health impact of chemical-based flavoring agents are propelling the adoption of natural ingredients-based flavors. In line with this, the emergence of various healthier product variants, including vegan and organic flavors, that contain 100% plant-based derivatives is expected to drive the India flavors market in the coming years.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India flavors market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product type, form and application.

Breakup by Product Type:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Nature Identical
  • Artificial
  • Natural
     

Breakup by Form:

  • Liquid
  • Dry
     

Breakup by Application:

  • Beverages
  • Savories and Snacks
  • Confectionery Products
  • Bakery Products
  • Dairy and Frozen Desserts
  • Others
     

Breakup by Region:

  • South India
  • North India
  • West and Central India
  • East India
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Doehler India Pvt. Ltd, Firmenich Aromatics (India) Private Limited, Flavaroma Flavors and Fragrances Private Limited, Givaudan (India) Private Limited (Givaudan SA), Gupta & Company (P) Limited, International Flavors and Fragrances India Pvt. Ltd, Kerry Ingredients India (P) Ltd, Keva Flavours Pvt. Ltd. (S. H. KELKAR & Co. Ltd.), MANE Flavor & Fragrance Manufacturer, Oriental Aromatics Limited, Sacheerome Private Limited, Symrise Private Limited (Symrise AG), Synthite Industries Ltd, and Ultra International Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units INR Crore
Segment Coverage Product Type, Form, Application, Region
Region Covered South India, North India, West and Central India, East India
Companies Covered Doehler India Pvt. Ltd, Firmenich Aromatics (India) Private Limited, Flavaroma Flavors and Fragrances Private Limited, Givaudan (India) Private Limited (Givaudan SA), Gupta & Company (P) Limited, International Flavors and Fragrances India Pvt. Ltd, Kerry Ingredients India (P) Ltd, Keva Flavours Pvt. Ltd. (S. H. KELKAR & Co. Ltd.), MANE Flavor & Fragrance Manufacturer, Oriental Aromatics Limited, Sacheerome Private Limited, Symrise Private Limited (Symrise AG), Synthite Industries Ltd, and Ultra International Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The India flavors market was valued at INR 4,287 Crore in 2023.

We expect the India flavors market to exhibit a CAGR of 7.1% during 2024-2032.

The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer preferences from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of various flavor variants.

The rising preference towards natural ingredients-based, vegan, and organic flavors to enhance the smell and taste of numerous food items, owing to the growing consumer concerns regarding negative health impact of chemical-based flavoring agents, is primarily driving the India flavors market.

Based on the product type, the India flavors market can be categorized into nature identical, artificial, and natural. Currently, nature identical type holds the majority of the total market share.

Based on the form, the India flavors market has been segmented into liquid and dry, where liquid form currently accounts for the largest market share.

Based on the application, the India flavors market can be bifurcated into beverages, savories and snacks, confectionery products, bakery products, dairy and frozen desserts, and others. Among these, beverages account for the majority of the total market share.

On a regional level, the market has been classified into South India, North India, West and Central India, and East India, where North India currently dominates the India flavors market.

Some of the major players in the India flavors market include Doehler India Pvt. Ltd, Firmenich Aromatics (India) Private Limited, Flavaroma Flavors and Fragrances Private Limited, Givaudan (India) Private Limited (Givaudan SA), Gupta & Company (P) Limited, International Flavors and Fragrances India Pvt. Ltd, Kerry Ingredients India (P) Ltd, Keva Flavours Pvt. Ltd. (S. H. KELKAR & Co. Ltd.), MANE Flavor & Fragrance Manufacturer, Oriental Aromatics Limited, Sacheerome Private Limited, Symrise Private Limited (Symrise AG), Synthite Industries Ltd, Ultra International Limited, etc.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
India Flavors Market Report by Product Type (Nature Identical, Artificial, Natural), Form (Liquid, Dry), Application (Beverages, Savories and Snacks, Confectionery Products, Bakery Products, Dairy and Frozen Desserts, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More